oil (and not coal, or solar, ???) is still king for the auto/airplane industry. although some of this is historical, the chief reason is that it still packs more energy punch/weight than the alternatives. airplanes aren't burning a petroleum derivative because aeornautical engineers can't get over the fact that Rockafeller made a lot of money 80 years ago in oil... r
Those are some serious high end electric cars. The ones I have examined typically get 60-80 mile roundtrip, which is more than efficient. We have done rough numbers, you can make one without mass production for under $15-20k. It's way worth it for someone to buy it for about $25-35k because electric vechiles have minimal wear & tear which significantly adds to the already high fuel savings. Plus the environmental aspect is worth quite a bit. For airplanes, of course, there is no alternative and won't be for a while. There is no technology to move the jets on a pure electric charge, there is some experimental out there it's not practical because it's not realistic for the length of the flight paths. But those are the least of the problems, most CO2 & SO2 emissions come from plants and autos. Today's automobiles are simply outddated, the technology for a pure electric automobile is at least a decade old. The battery charge is there, the engine is there and even a conversion is easily done. Either way, the logical & optimal future for all of the world is to base the main energy source on electricity. I'll say this much, think crisis scenario with power down. What do you think is the easiest, most practical, most versatile and most moble way to power up key locations. U.S. army is already experiementing with it in Arizona. That's nothing, NYU Medical Center nurses all make above 120k a year, most closer to 200k and over. But then, being a nurse is a shitty job, pun intended. And it's a perpetual shortage, so they all working nonstop overtime. It's funny, they are essentially uneducated ghetto trash with horrible attitudes, but hey, the money is there for nurses nowdays. My friend works at NYU payroll, if you're curious how I know. Let's be realistic, as a police officer, teacher, firefighter you ain't getting a job in a cushy suburban district unless you know someone or are someone's relative. Realistically, you're going to the metro areas, where the demand actually is and the pay is not. Metro cops start at 35k a year, maybe less now. Don't believe those NYC ads you see on the train, sometimes all they offer is 28k a year. Most teachers start making crap as well, same goes for firefighters. You can look at the special places where the money is out of line because of an affluent good area with high tax revenue, but on average these professions start at rock bottom barely sustainable pay rates. If you do choose to teach in a bad district, such as parts of Brooklyn, most of Bronx and NYC public schools, the money is good but for even better reasons. Still a shortage in those schools, obviously not for nothing. In general, it comes down to overtime, thats how nurses start pulling in the big numbers. Metro cops pretty much rely on overtime to survive the first several years, so do firefighters. As for nurses, if you are all about the money, go do 2 years at a nursing school, the demand is huge & growing for the American pill popping diseased population. The rates only keep going up, overtime is always there. Little brains required, lack of any respectful proper attitude is not a must, you do not even have to speak English. So hey, if you fail at trading you can always go make a sure 6 figures as a nurse. What a country.
If the Dow hasn't toped out today then it probably will sometime the rest of this week, its over for the bulls now.
Quote from TGM: Peas in a Pod do NOT have to conspire. And yes America is one big bubble of Consumerism. What most people think of as Capitalism in America is just Corporate Feudalism. Not many people understand that, but then again not many people understand much of anything in particular. Without dumb sheep this message board would never exist as real traders would have no one to fleece and therefore would never make any money. Quote from TGM: And yes our Govt books are cooked. I would say every Govt in world cooks it's books these days to some extent. The US Govt with it's 2 party duopoply and it's cooked books---look more Soviet by the hour. The ony difference is the flashy veneer of Starbucks and a whole hell of a lot of debt. Not to mention the Massive Social Engineering (which is just Racial Socialism/Communism). I mean even Corporate America has instituted Chairman Mao's Sensitivity training! Only in an America! Traders are lucky. Capital Placement is one of the good places left in America to make a wad. Thank gawd for trading. [/QUOTE] The same individuals who financed and supported the growth of Communism also support and finance the social engineering currently going on in America. If you're interested, read up on the Schiff family in NYC ( financed the overthrow of the Russian Czar) and their interconnecting web with Americas elite families. Communism and Corporate capitalism are one and the same thing. Communism enslaves and exploits the collective forcibly with the elite ruling and sucking off economic wealth at the top. Corporate capitalism enslaves and exploits the collective by rampant unchecked debt creation and taxes with the elite ruling and sucking off economic wealth at the top. For example even if you pay off your home, you still have to pay the government perpetual rent in the form of Property taxes.
The US has been deficit spending since the regan years. Thats why we have a gigantic financial system and nothing else. The more credit the merrier for the financial system. Not to mention the moral hazard that has created tremendous amounts of systemic risk. In the end the system will collapse, but we dont know what will be the catalyst.
I'll just say this much on the topic. Every single economic report produced by the US government has every single statistical voodoo trick notated in one way or the other. Not one report can be considered a lie, or even cooked books, because every single methodology is public info, the changes in them are public info and basically the government is very clear about how CPI, Unemployment, etc is calculated. It's just a matter of reading them, then applying critical thinking, logic and real life observation. Just the concept of a core CPI and PPI makes no sense, WTF is this nonsense about excluding food & energy from inflation reports. Try that sh*t when you go shopping in response to price increases from the merchants, LOL. I did not believe it when I read it in a couple articles (one of which was posted on ET, great article). But just check it out, it's so appalling, it's laughable. So we have all these hedge funds with Ivy grads, quants, I-banks, mutual funds and all these academics who use these reports that clearly misrepresent the reality to make major trading & investment decisions. After a while, it's like the financial community is not trading the real world and is playing with monopoly money. Oops, did I stumble on something? :eek:
I have to add that the petrodollars have to be repatriated because of free trade. "All those kids in their BMWs in Seattle hooting for free trade." The oil nations aren't puppets, because howelse would the US be able to pay for all the oil imports? Maybe they want to use trickle down economics? You decide. BSmeter, ok, supply and demand, so if the US was there to supply arms to the Arabs, great, if someone offered me all that weaponary, I would take it, just because someone drew a line in the sand and said all that oil belongs to me! Why not make Iran the puppet of China? Who has to put 27.5% tax on Chinese imports? Who is suffering with high interest rates and mortgage repayments, because the petrodollars are not being repatriated? Who blocked the Dubai Ports World deal? How can it be said on the one hand, that the wages are such and so much more or less, yet on the other hand there is the suggestion of feudism, and good for all the silly billys on ET so they can be milked. Just so unrealistic. If everyone got milked, then they would have been so a long time ago. And so why all the many traders now? Whether the money is borrowed or earned or given, makes no difference, if they have it then it is theirs, doesn't matter how it got there. And where will the rich and mighty run to if the system collapses. Maybe to Mars?
Well, I am happy to have a working sewage system. Unlike an Indian toilet "flush one day and broke the next." This capital system is good for the people, because you take for granted no pot holes, no broken roads. When a bridge collapsed not so long a go, and cars and trucks had a tragic end, there was accountability. The bridge builder just didn't shore up the bridge base with bigger boulders. So we have checks and inspections which all have to be paid for so those sorts of short cuts don't hurt people. What about the Williams underpass in Boston where a ceiling block fell on a woman and killed her. Your taxes have to pay for all that, and so does the whole system. Leave aside the litigation, and inconvenience.
Who cares about the Dow besides the 6 o'clock news jockey? Does anyone even trade that index anymore? Look at some of the great sector moves this week! Oil drillers, integrated oil, pharma, defense, brokerage, etc. Meanwhile, the SPX is 33 points higher from last week's close at 1240.29
Not many have ever traded the dOW, HOWEVER IT as well the s&p 500 Is the best proxy for the overall Markets condition. It's great marketing, your average Joe knows what your talking about when you say the dow is up 60 points. Paul Tudor Rennick out